LimeFx COM Review 2023 Detailed Information about LimeFx.COM Forex Broker

There are numerous options for depositing funds available and it is completely free to make these transactions, there are no hidden fees charged by the broker. This account is basically a combination of the Standard and Micro accounts, offering traders the best of both worlds. Beginner traders can use a demo account as a way to learn more about the Forex trading market. Experienced traders can find a demo account useful for testing out new trading styles and finding out what works best for them. While this is a very common way of trading stocks today, not everyone is really into this strategy. For those who prefer not trading CFDs, LimeFx offers a special “Share Account”, which allows traders to buy and sell shares of leading companies directly.

  • The LimeFx review has further assessed LimeFx based on its benefits and shortcomings.
  • The minimum deposit required is just $5 whilst you can choose between no commission accounts with marked up spreads or pay a $3.5 commission charge to get variable spreads starting from 0 pips.
  • European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF).
  • When choosing a deposit method, be aware that LimeFx will generally only let you withdraw using the same method that you used to deposit.
  • LimeFx is known for charging very low fees and the spreads on major pairs start from as low as 0.6 pips.
  • Usually, we look at how much you have to pay in the standard markets that cut across all brokers.

You can read a detailed LimeFx broker review in the broker review section on our website. LimeFx services are available all across the globe except for a few jurisdictions, such as Iran, Somalia, Afghanistan, North Korea, Canada and the United States. The broker is part of LimeFx Group which comprises two entities, LimeFx Global and Trading Point Holdings Ltd.

Review of the LimeFx trading conditions for traders

And so you are able to trade Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at LimeFx all available from the same trading account. Also, Spreads are within the average, some Brokers may have slightly lower spreads, based on our findings. I like how they have a best execution policy to provide the most favourable trading conditions to traders.

  • MT5 is the same as MT4, except it has new features and offers traders direct access to liquidity providers.
  • The commission fee is added on LimeFx Zero Accounts only, as you will be trading with interbank spread quotes starting from 0 pips and commission charge as a trading fee.
  • It has an additional thousand CFDs on shares (stock), which make the LimeFx5 multi-asset platform.
  • Thus, the broker is able to offer traders services that work perfectly for their trading needs.

It is very user-friendly and has a lot of tools for detailed chart analysis and trading efficiently. LimeFx groups offer an MT4 trading platform with the fastest and quality execution. LimeFx group users can trade on MT4 without rejection of orders, Flexible leverage, and no requotes. LimeFx Group allows users to select 16 various famous Meta trader 4/5 trading platforms for PC and MAC. You can use web trading platforms directly in your browser without downloading and installing additional software and Meta Traders for mobile devices running on android and iOS. Mobile apps are beneficial for trading to access your account and go anywhere in the world.

Educational Resources

Micro and Standard account spreads on all majors start as low as 1 pip, while LimeFx Zero account holders can expect spreads as low as 0 pip. When making a withdrawal, LimeFx transfers your funds back to the original funding method you used to fund your account. If this is not possible, they will transfer the funds to your identified bank account. This account must be in the same name as the account maintained with LimeFx.

What is the minimum deposit to start with LimeFx?

LimeFx is one of the best online brokers for beginners and experienced traders. Although they don’t offer as many instruments as other brokers, they still do well in terms of trading features and bonuses. Top financial regulatory bodies around the world also regulate them. We hope this LimeFx broker review helps you make the right choice in your journey to choose a broker. All accounts also come with multilingual support and a personal account manager.

Yes, however, their selection is relatively limited compared to some other brokers. Bonus is available for clients registered under LimeFx Global Limited only. 99.35% of all trading orders are executed in less than one second at LimeFx, and there is a good choice of order types available to allow you to experiment with different trading strategies.

Trustpilot has received mixed reviews for LimeFx trading, with a rating of 2.1 based on 315 reviews. Positive LimeFx trading reviews have reported quick transaction speeds, instant deposits and withdrawals, and helpful customer support. Next in the series is MetaTrader 5, the advanced multi-asset trading platform developed for institutions.

LimeFx Regulations

If you are looking to trade cryptocurrencies with all other benefits, might be a good alternative for you. I think it is important to conduct some form of fundamental analysis, rather than relying solely on market analysis with technical indicators. I like to combine both of them along with price action patterns for a more in-depth insight into what the current market situation is. Those of you with some experience will probably not find anything new here. In saying that, there are some unique trading strategies that I found inspiring and learnt some new things to implement into my own trading.

We do not present any investment advice or guarantees for the accuracy and reliability of the information. This company has this telegram channel that scam people for money. On the other hand, as we noticed LimeFx has limited portfolio for EU clients, and outside EU clients there is no good investor protection. The main branch located in Cyprus regulated by CySEC, yet offices are truly cover global needs and serve through Australia, UK, Belize, Greece also authorized in Dubai and MENA region. Whatever your interests, chances are you will find something to trade. However, LimeFx Global does not offer cryptocurrencies or their derivatives.

Any changes you make in the Members Area will reflect in all your trading accounts. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. Though LimeFx made the software even more advanced and suitable through 16 Trading platforms, which cater just any device including web, mobile, and even multiple accounts trading. So you get full account functionality and make the trading process at ease and comfort if you select the Desktop platform or other versions to trade.

Learning information about a broker is an entire process you need to consider every time before signing in a particular website. And part of this process is to see if the available bonuses are ok for you. Thankfully, LimeFx Group offers numerous promotions and special extras you should definitely check out now. LimeFx’s daily feeds of forex and economic news are quite interesting as they are presented in a creative format wherein users are just like watching a TV interview.

It can be decided between the “Micro”, “Standard” and “LimeFx zero account”. The account types are adjusted to the capital strength of the customer. For example, in a micro account, you can trade with very small position sizes (risk of a few cents). You can use it to try out all the features of Broker LimeFx and trade without risk. It is also a great way for beginners and advanced traders to develop their own strategies or test new markets. As mentioned before in this review, the well-known trading platform Metatrader in versions 4 and 5 is offered.

With a global presence and extensive client base, LimeFx has established trust and credibility in the industry. Like Trustpilot, the FPA community also seems divided concerning signing up with LimeFx. Some clients appraised the broker for having ultra-low limefx courses scam spreads and a fast withdrawal process, while others denounced the company for poor trade executions. LimeFx supports several payment methods for deposits and withdrawals. Below we’ll have a quick review of both deposit and payment methods.

The broker also facilitates trading via MT5 desktop trading platform. Both platforms are powered by MetaQuotes and come equipped with powerful tools and features required for a meaningful trading endeavour. While the look and feel of both trading platforms is almost similar, we’ll review their main highlights. Except for a zero-spread account, the broker doesn’t charge a commission from clients. When traders with an LimeFx Zero account to enter or exit a position, LimeFx deducts a commission fee from their account.

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